Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (2490)	6/7/2001 7:02:28 PM
From: Greywolf	Read Replies (1) \| Respond to of 2742

A lesson in Sudan relations, Upstream 07.06.2001 Oil companies may be coming under pressure by human rights groups for their continuing participation in Sudan but there is increasing evidence that their presence is making a positive difference. Ten Sudanese students have been awarded scholarships to continue their higher education in petroleum science and engineering at Malaysia's Petronas Technological University, according to the Sudan News Agency. Petronas presented the scholarships in Khartoum at a ceremony attended by the Sudanese Higher Education Minister professor Mubarak Majzoub who praised the Malaysian state company for its efforts in Sudan.

To: Tomas who wrote (2490)	6/7/2001 9:41:51 PM
From: Tomas	Respond to of 2742

Canadian oil company Talisman will not pull out of Sudan Al-Ra'y al-Amm (Newspaper published in Khartoum, in Arabic), June 4 Jim W Buckee, the chairman and director of the Canadian company, Talisman, which operates in the field of oil in Sudan, ended yesterday afternoon a successful visit to Khartoum that lasted three days. During the visit, he carried out discussions with the minister of finance, as well as the minister of energy and mining, besides assessing the progress of Talisman's investment in the country. While issuing press statements at Khartoum airport just before leaving the country, Jim Buckee expressed his belief that the withdrawal of Talisman's investments from the country was not the best solution for stopping what some quarters have repeatedly referred to as the government's use of oil revenues to stoke up the flames of war and violate human rights. Buckee said: "We are going to remain in Sudan for we do not understand how the withdrawal would benefit anybody". He stressed it was better for Talisman to remain in Sudan so as to do whatever was within its ability to improve the situation. "We are responsible for our actions but not the actions of others," he went on to say. He said the minister of finance, Abd-al-Rahim Hamdi, had informed him that the government was using half of the oil revenues to repay Sudan's foreign debts and the other half on salaries and development projects... _______________________________________________________ Sudan: Government stepping up efforts to "isolate" rebels Khartoum, SUNA - 7 June: Foreign Minister Dr Mustafa Uthman Isma'il said the coming period would witness a wider campaign to explain the government position towards the question of southern Sudan and to expose the practices of the rebellion movement and its procrastination during the various rounds of peace talks.